Alger Mid Cap 40 ETF (FRTY)
ARCA ARCA Primary Summary
FRTY Chart
Fed Rate Cuts Create Opening for Mid-Cap Stocks
The Federal Reserve's (Fed) pivot from aggressive rate hikes to rate cuts is creating what one portfolio manager calls a “headwind to tailwind” shift for mid-cap stocks, potentially unlocking gains for companies that have already proven they can survive in a tighter monetary environment. Amy Y.
Mid-Cap Stocks Trading at Historic Discount to Large Caps
Mid-cap stocks are trading at an unusually wide discount to their larger counterparts, creating what one portfolio manager describes as a “truck-wide” opportunity for investors willing to look beyond the crowded mega-cap trade. Amy Y.
FRTY: A Focused Mid Cap Growth ETF Throwing Caution To The Wind
FRTY is a focused mid-cap growth ETF comprised of 40 U.S. stocks undergoing "Positive Dynamic Change". Its ER is 0.60% after waivers and the ETF has $85 million in AUM. FRTY's current holdings are increasing sales at a faster rate than they were three and five years ago, making the fund a standout among nearly all U.S. Equity ETFs. However, Alger's strategy appears reckless. I calculated a 1.60 five-year portfolio beta, a 36.56x forward P/E ratio, and a weighted average ROE that's substantially lower than its peers.
Alger Mid Cap 40 ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 John Ritter Ritter Daniher Financial Advisory LLC / DE | 356 | $7,493.8 | $7,917.44 | $423.64 | 5.65% |
 Andrew Agosta Prosperity Financial Group, Inc. | 12,140 | $197,225.58 | $271,146.9 | $73,921.32 | 37.48% |
 Proactive Wealth Strategies LLC Proactive Wealth Strategies LLC | 60,830 | $1.18M | $1.35M | $163,024.4 | 13.76% |
 Keystone Financial Services LLC Keystone Financial Services LLC | 60,275 | $1.1M | $1.31M | $214,902.33 | 19.62% |
| RN Ron New Whipplewood Advisors LLC | 49,827 | $967,576.11 | $1.1M | $133,849.72 | 13.83% |
Alger Mid Cap 40 ETF (FRTY) FAQ
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Alger Mid Cap 40 ETF Profile
| ARCA Exchange | US Country |
Overview
The fund described invests primarily in equity securities, specifically targeting mid-cap companies within the United States. It adheres to a strategic approach by allocating at least 80% of its net assets into equity securities, such as common or preferred stocks listed on U.S. exchanges. Its investment focus includes a broad array of sectors, with a notable emphasis on the information technology and healthcare industries. Despite its concentrated sector investments, the fund is classified as non-diversified, meaning it may invest more heavily in fewer securities, potentially increasing its risk and volatility compared to diversified funds.
Products and Services
- Equity Securities of Mid-Cap Companies
This service involves investing in common or preferred stocks of mid-sized companies that are traded on U.S. exchanges. By focusing on mid-cap companies, the fund aims to strike a balance between the growth potential commonly found in smaller companies and the stability often associated with larger companies. This segment accounts for a significant portion of the fund's investment portfolio.
- Information Technology Sector Investments
The fund identifies and invests in promising equity securities within the information technology sector. This area includes companies involved in the development, production, or distribution of technology-based services or goods, ranging from software and hardware developers to internet companies. The emphasis on the IT sector is based on its potential for high growth and transformative impacts on both the economy and society.
- Healthcare Sector Investments
Investments in the healthcare sector constitute another cornerstone of the fund's strategy, encompassing a wide range of companies from biotechnology firms to healthcare providers and medical device manufacturers. This sector is chosen for its resilience to economic cycles, continual innovation, and the ever-growing demand for healthcare services and products, potentially offering stable returns over time.
